Healthcare and Medical Businesses

Health is a primary human right and has been accorded due importance by the Constitution through Article 21.Though Article 21 stresses upon state governments to safeguard the health and nutritional well being of the people, the central government also plays an active role in the sector. Recognizing the critical role played by the Health Industry, the industry has been conferred with the infrastructure status under section 10(23G) of the Income Act.

The healthcare sector is one of the most challenging and fastest growing sectors in India. Revenues from the healthcare sector account for 5.2 per cent of the GDP, making it the third largest growth segment in India.

The healthcare industry in the country, which comprises hospital and allied sectors, is projected to grow 23 per cent per annum. According to McKinsey & Co. a leading industrial and management consulting organization, the Indian healthcare sector, including pharmaceutical, diagnostics and hospital services, is expected to more than double its revenues to Rs 2000 billion by 2010. Expenditure on healthcare services, including diagnostics, hospital occupancy and outpatient consulting, the largest component of this spend is expected to grow more than 125% to Rs 1560 billion by 2012 from Rs 690 billion now.

The sector has registered a growth of 9.3 per cent between 2000-2009, comparable to the sectoral growth rate of other emerging economies such as China, Brazil and Mexico. According to the report, the growth in the sector would be driven by healthcare facilities, private and public sector, medical diagnostic and pathology labs and the medical insurance sector.

Healthcare facilities, inclusive of public and private hospitals, the core sector, around which the healthcare sector is centered, would continue to contribute over 70 per cent of the total sector and touch a figure of US$ 54.7 billion by 2012. Adds a FICCI-Ernst and Young report, India needs an investment of US$ 14.4 billion in the healthcare sector by 2025, to increase its bed density to at least two per thousand populations.

Technological advances achieved by medicare globally in the recent years have been phenomenal. The Indian scenario has not remained immune to these changes. While IT (information technology) has come to the aid of the breakthroughs, the progress recorded in the medicare area is as impressive as it is in the IT sector itself. The changes are in concepts, forms and content, as well as applications. These are both, quantitative and qualitative. The transformation is pervasive and has penetrated almost all specialities, from diagnostics to physiotherapy, from cardiology to oncology, from non-invasive surgery to transplants. In India, the emergence of private medicare services, especially through commercialization and corporatization, has contributed to the transformation. The rapid commercialization of the medical practices with the establishment of multi-million rupee hospitals, nursing homes and diagnostic centres, specialized and general, the demand has registered a very high growth rate in the recent years.

Medical sector in India got tax exemptions in the manufacturing of its devices from Union Budget 2010-11 along with the introduction of excellent initiatives towards the development of the sector. The FM has proposed to extend the tax exemption on medical apparatus and devices and concessional tariff available to certified government hospitals. Moreover, the producers of orthopaedic implants have been relieved from import tax.

The incentives proposed by the FM are expected to trigger the expansion of already fast developing medical apparatus and machinery sector in India. By 2010 the medical apparatus and machinery industry is estimated to reach USD 1.8 billion and is projected to expand at a rate of 23% on annual basis as per the NIPER report.

This time the focus of the budget was on rural healthcare, with the fund allocations rising to a whopping 22,300 crores (Rs 223 billion/$4.82 billion) from 19,534 crores during the previous fiscal year. This escalation is in keeping with the evolving needs of the growing healthcare industry of the country. Relaxation of FDI norms may see more international players coming in to India in the healthcare sector. Added to it, rationalization of duties on medical equipment can make imports cheaper and can significantly lower healthcare costs in the country in the coming years.

The government, along with participation from the private sector, is planning to invest US$ 1 billion to US$ 2 billion in an effort to make India one of the top five global pharmaceutical innovation hubs by 2020. The sector has been attracting huge investments from domestic players as well as financial investors and private equity (PE) firms. The Indian market is expanding in all directions as a result of better affordability, greater health consciousness and expanding medical service institutions.

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Dairy products are basically based on Milk. India ranks next only to USA & USSR in world milk production. There are a number of dairy products like butter, cream, cheese, Khoya, Paneer, flavoured milk etc. There is always a greater demand for milk and dairy products among people. Ghee and butter are used for ice-cream manufacture, as cooking fat, in the confectionery industry etc. Paneer is consumed directly and in hotels and restaurants. There is huge market for Indian milk products. Key concern for setting up a dairy plant would be regular and timely supply to the market, consistency in quality and reasonable pricing arer all essential to build up a strong market and brand equity.

Blood bag is a disposable bio-medical device used for collection, storage, transportation and transfusion of human blood and blood components. The system consists of a single or multiple bag connecting with tubing, needle, needle cover, clamp etc. The blood bags are made of plastic material which are compatible with blood. In recent times, blood bags have become a conspicuous item and essential need of hospitals and nursing homes to meet blood infusion emergencies. Blood bags are most ostensibly serving the medical field in crucial hour. As the number of hospitals, nursing homes are increasing, the demand for the blood bags too is increasing tremendously.

God makes the universe in which world is one place. Where human beings other animals and plant kingdoms are lived. In this world God has created so fine things and relations where everybody is attached with other without any plants or animal. Nature is created by God only where beautiful plant are blossom fresh and cool air s blousing birds are singing, natural water is producing, clear river water flow etc. In the care of nature there is rest as well as peace, as whole healthy atmosphere is created as a natural gifts. Nature care center will be the center, where human beings are care by natural therapy system. Very good demand will come up from the society for nature care centers. If any new entrepreneur takes interest to start the nature care center he will be successful in future if he has good advertisement.

A medical college is meant for important education of medical field to students to qualify them as doctors in different specialized disciplines so as to treat patients suffering form various ailments. Doctors with their dedicated spirit serve the nation at large by providing medication and treatment for eradication of diseases, which exchange health and add suffering to humanity. Normally a medical college is associated with a hospital. Hospitals provide the facilities of O.P.D. and admission for seriously ill seriously injured, seriously burnt and pregnant ladies, causalities etc. In the very beginning, there was government owned hospitals where one had to pay no money for treatment. Then, a private ward facility was started in the hospitals. The patient had to pay rent for a private room while medicines and doctors were available free of cost. The private ward helped the patient to avoid the untidiness of a general ward and noise etc. The patients, who were in a position of afford the room rent, were admitted to private rooms. The poor, however, got admission in rushed general wards. Increasing negligence by the doctors of these hospital and the overcrowding in them gave opportunity to private hospitals to have a good business with 24- hours emergency and admission facilities for ill persons. Presently, every city or town in India has number of private hospitals furnished with latest medical facilities available and with more qualified surgeons, physicians and specialist doctors. Even sometimes, they are furnished with more modern machines than those available in the nearby Government Hospital. These hospitals can be seen well crowded as they provide very good medical care. The scope for medical college & hospital is increasing day-by-day. Any new entrepreneur entering this field will be successful.

Food is mainly composed of three main groups of constituents i.e., carbohydrates, Fat & Protein. The baby cereal food is that enriched food which has a requisite level of nutrition. This requisite level is prescribed by various dieticians & physicians for children. Food products are derived from single grains or blends of mixed grains combined with other ingredients for flavour and nutritional fortification. Materials used by various manufacturers in addition to the grains include melt, milk powder, vegetable oil, wheat germ, sugar, cotton seed flour, dried yeast, a form of iron such as sodium pyrophosphate and B vitamin thiamin. One of the purposes of adding solid food to the baby’s diet is to acquaint him with foods of a different consistency, texture and taste than those of liquids. Demand of cereal food in India is increasing about 8%. There is good scope for new investment in this field. Any entrepreneur can invest in this project.

There is increase of population through out the world. Most of the people has teeth problem in the earlier ages and maximum in the above age of 40 years. The most important factor to consider in the maxillary anterior segment is the vertical height of the alveolar process and its relationship to the proposed final restoration. It is necessary to allot the correct mesiodistal space for each tooth. The clinical and radiographic examinations may contraindicate implant dentistry and indicate a removable or fixed partial denture instead of implant therapy. The site and shape of the available bone are best assessed by the tomographic section. Type of acrylic teeth anterior teeth, anatomic posterior teeth, non-anatomic posterior teeth. There is requirement of synthetic teeth for keeping himself as beautiful. Accordingly there is very good scope for few synthetic teeth maker.

Increase of inputs on tangible or non-tangible way in agriculture increased the production of crops. Soyabean, known as golden bean has emerged as the most important cash crop in the world. Containing about 40% oil, it has been recognized as a potential requirements of nutritious foods in the country on the other hands. In this project report we have discussed about the cultivation of soyabean and manufacturing of soya milk, paneer and nutrela. These products has good demand globally, so there is a good scope for new entrants.

With the development of pharmaceutical industries the use of disposable syringes and needles will also develop. With the population growth and lack of balanced food to the people in India, health hazard problems are quite obvious that why pharmaceutical and other medicine related industries like disposable syringes and needle industries are booming day by day. The product has very good domestics and export demand. So it is a good project for the new entrants.

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